Verhelst Building
ActiveVerhelst Building has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30k and a net result of €12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 2149 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
73
/ 100
Healthy▼ -21 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+57
Solvency28▼-64
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.83 in 2024), and 81% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19%
Return on assets
7.3%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-04-2026, 106 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
106 d early
2024
30 d early
2023
56 d early
2022
102 d early
2021
115 d early
2020
150 d early
2019
32 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€30k▼ 62.3%
2024 · €80k
2018: €46k
2019: €55k
2020: €114k
2021: €132k
2022: €137k
2023: €73k
2024: €80k
2018 → 2025
Total assets
€160k▲ 3.3%
2024 · €155k
2018: €63k
2019: €98k
2020: €129k
2021: €147k
2022: €158k
2023: €161k
2024: €155k
2018 → 2025
Net result
€12k▲ 70.7%
2024 · €7k
2018: €40k
2019: €9k
2020: €59k
2021: €18k
2022: €5k
2023: €-747
2024: €7k
2018 → 2025
Working capital
€27k▼ 56.3%
2024 · €62k
2018: €46k
2019: €54k
2020: €114k
2021: €132k
2022: €137k
2023: €67k
2024: €62k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€132k-€137k▲ 3.7%€73k▼ 46.3%€80k▲ 9.4%€30k▼ 62.3%
Operating result€26k-€10k▼ 60.9%€5k▼ 51.0%€13k▲ 163%€21k▲ 60.8%
Net result€18k-€5k▼ 72.7%€-747€7k€12k▲ 70.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 61% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €160k
Fixed assets
€3k▼ 82.7%
Current assets
€157k▲ 14.8%
Equity and liabilities €160k
Equity
€30k▼ 62.3%
Debt
€130k▲ 74.1%
The debt ratio rises from 48.1% to 81.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€23k▲
2024 · €19k
Cash flow
€13k▲
2024 · €12k
Solvency
19.0%▼
2024 · 51.9%
Current ratio
1.21▼
2024 · 1.83
Quick ratio
1.21▼
2024 · 1.83
Debt / equity
4.28▲
2024 · 0.93
ROE
38.8%▲
2024 · 8.6%
ROA
7.3%▲
2024 · 4.4%
Interest coverage
10.28▼
2024 · 20.87
Debt
€130k▲
2024 · €74k
Debt ≤ 1 year
€130k▲
2024 · €74k
Income taxes
€8k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€155k€160k▲
Fixed assets21/28€18k€3k▼
Tangible fixed assets22/27€18k€3k▼
Furniture and vehicles24€18k€3k▼
Current assets29/58€136k€157k▲
Amounts receivable within one year40/41€32k€4k▼
Trade receivables40€32k€4k▼
Other amounts receivable41-€257
Cash at bank and in hand54/58€97k€147k▲
Deferred charges and accrued income490/1€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€155k€160k▲
Equity10/15€80k€30k▼
Contributions10/11€19k€19k=
Reserves13€62k€12k▼
Distributable reserves133€62k€12k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€74k€130k▲
Amounts payable within one year42/48€74k€130k▲
Trade debts44€0€9k▲
Suppliers440/4€0€9k▲
Taxes, remuneration and social security45€23k€17k▼
Taxes450/3€19k€12k▼
Remuneration and social security454/9€5k€5k▼
Other amounts payable47/48€51k€104k▲
Income statement
Code20242025
Non-recurring operating income76A-€592
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€2k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€21k€25k▲
Operating profit (loss)9901€13k€21k▲
Financial income75/76B€201€498▲
Recurring financial income75€201€498▲
Financial charges65/66B€896€2k▲
Recurring financial charges65€896€2k▲
Profit (loss) for the period before taxes9903€13k€20k▲
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€7k€12k▲
Profit (loss) for the period to be appropriated9905€7k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€12k▲
Transfer from equity791/2€0€62k▲
Transfer to equity691/2€7k€12k▲
To other reserves6921€7k€12k▲
Profit to be distributed694/7€0€62k▲
Return on contributions (dividend)694€0€62k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-747 ▼115%
Net result drops to €-747, the lowest in the series; recovery starts the following year.
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €59k ▲583%
Operating result €79k, net result €59k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 8.84
Current ratio from 2.25 to 8.84; short-term debt falls from €43k to €15k.
31-12
Financial
Equity above €100kEq €114k ▲109%
3 profitable years in a row build equity to €114k.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wielsbeke · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Moerdijkstraat(S.B.V.) 58710 WielsbekeGround area
3,285 m²
Building footprint
290 m²
Volume, LiDAR
1,103 m³
Parcel 37014A0284/00G000, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Verhelst Building
since 20182.274.757.589
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37014A0284/00G000 | Flanders | 3,285 m² | 1 · 290 m² | 6.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,551 companies in sector 41001 we hold annual accounts for 15,877. 12,305 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-04-2018
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.